$75,000 Personal Loans

Where can I get a $75k personal loan?

Banks

Major banks such as Wells Fargo, Bank of America, Chase, and Citibank may offer personal loans up to $75,000. You can visit their websites or contact their customer service representatives to inquire about their loan products.

Credit Unions

Credit unions are nonprofit financial institutions that often offer competitive rates on personal loans. Many credit unions provide personal loans with various loan amounts, including $75,000. Consider checking with local credit unions or those that you are eligible to join.

Online Lenders

Online lending platforms like SoFi, Prosper, and Avant provide personal loans with convenient online application processes. These lenders often offer loans ranging from a few thousand dollars to $75,000 or more. However, it's important to research and compare the interest rates, terms, and fees before choosing an online lender.

Peer-to-Peer Lending Platforms

Peer-to-peer lending platforms, such as LendingClub and Peerform, connect borrowers directly with individual lenders. These platforms facilitate personal loans of various amounts, including $75,000, with interest rates and terms determined by the lenders participating on the platform.

Non-Bank Financial Institutions

There are also non-bank financial institutions that specialize in personal loans, such as Discover Personal Loans or Marcus by Goldman Sachs. These institutions often provide personal loans with competitive rates and flexible terms.

How do I apply for a $75,000 loan?

While you may feel like applying for a large loan like $75,000 would have a different process, lenders do not have any additional hoops for you to jump through just because you want to borrow more money than the average borrower. Here’s what you need to do:

1. Ensure you qualify: First, make sure you’re in a position to qualify. Do you have Good or Excellent credit? If it’s not as good as it could be, do you have a co-signer? You need to make sure your debt-to-income ratio is less than 20% (so less than $20,000 if you earn $100,000), and ensure you’ve got a good income to show you can afford the loan and your living expenses.
2. Decide how long you want to borrow for: Both options we’ve included above offer the same terms, 2-7 years, though LightStream offers longer terms if you’re using the money for home improvements. If you do plan to use the money for home renovations, consider if you’d prefer a longer term than 2-7 years.
3. Analyze interest rates: Your next step is to consider what interest rate you’d be willing to pay. If your credit score is “Good”, you may not qualify for the most affordable rates, so be realistic about what the loan may cost and whether that’s something you’re happy to pay.
4. Compare loans: Compare the loans available to you and consider if they have any other additional perks that make one loan more attractive to you than others.
5. Apply: Finally, it’s time to apply. All you need to do is click through to their site and fill in their application form accurately. Most lenders now give you an automatic yes or no, but some may need some extra information from you before they’re able to confirm that they’ll lend to you.
6. Wait for your funds: Depending on your lender, it can take up to a week for you to receive your funds, though most are much faster. Once you’ve got your loan, you’re free to spend it as necessary.

Compare loan options for good and excellent credit:

• 680 Credit Score Personal Loans
• 700 Credit Score Personal Loans
• 750 Credit Score Personal Loans
• 800 Credit Score Personal Loans

Browse personal loans by amount:

• $5k Personal Loans
• $10k Personal Loans
• $25k Personal Loans
• $35k Personal Loans
• $50k Personal Loans
• $75k Personal Loans
• $100k Personal Loans

Additional resources

Federal Trade Commission (FTC): The FTC is a U.S. government agency that focuses on consumer protection. They provide guidance on various financial topics, including personal loans. You can find information on understanding personal loans and tips for borrowing wisely on their website.

U.S. Small Business Administration (SBA): Although primarily focused on assisting small businesses, the SBA offers resources and information on personal loans for business purposes. It can be helpful for entrepreneurs seeking loans to fund their ventures.

Consumer Financial Protection Bureau (CFPB): The CFPB is another U.S. government agency that provides consumer financial information and resources. They cover various aspects of personal loans, including understanding loan terms, comparing offers, and avoiding scams.